Rental Appraisal in Midland
If you have a property in Midland and want to know how much rent you should be getting for your property. Then a “Rental Appraisal Midland report” will assist you with finding out what you need to know.
Owning a rental property is more complex than ever and trying to ascertain what rent you should be asking in the current market can be fairly tricky. A Rental Appraisal, will ensure that you are charging the correct rent to your tenants, help to secure and retain quality tenants, and help to shorten any possible downtimes between tenant change over.
A Rental Appraisal Midland is a detailed report, showing what has previously rented in the area, that may be comparable to yours.
At Centurion our market Expert Justine Valender (who is an investor herself) will carry out a rental appraisal. She will give a detailed explanation of rent values that are determined by current market trends in Midland, rent levels for other similar nearby properties, and relevant property data.
Why Get a Rental Appraisal in Midland?
IT’S FREE. Our rental appraisal is provided free of charge to landlords and there is no obligation to use our management service. You can use this rental appraisal to maximize returns and also retain good tenants.
What Does a Rental Appraisal in Midland Look Like and What Information Should it Contain?
The location of the property:
As the saying goes – location, location, location. When it comes to appraising a property, location matters.
When looking at the location, an agent will not only look at the street the property located in Midland and the vicinity to local attractions, but we will also look at what school catchment the property is in, what amenities are nearby, and what public transport routes are accessible.
What other ‘Comparable’ properties are available in the Midland area
When conducting a Rent Appraisal in Midland, we will look at the size of the overall block, the size of the structure on the land, as well as the size of the relevant areas within the home. For example, how large is the living area or main bedroom? Justine will weigh up these measurements against other properties in the area. It’s also crucial to understand the potential renters or target market.
The overall economic conditions and the housing market in Midland:
The market will generally dictate what your property is worth. Our Midland market expert Justine Valender, will look at the recent rents in the area and overall market trends to get an idea of what price to present to you as a guide.
However, while the market may indicate a lot when it comes to the rental price, it’s not the ‘be all and end all’. A potential renter may walk through your front door and fall in love straight away.
A summary with indicated rent range From Agent:
A Rental Appraisal is an educated judgment on what your home is worth by the Agent. Not only will the agent look at all of the comparable rents in the area, but they’ll provide a unique insight into the local market.
They also provide a figure based on insight into the features of your property.